Fifth Street Asset Management Inc. (FSAM) Trading Up 5.6%
Fifth Street Asset Management Inc. (NASDAQ:FSAM)’s share price rose 5.6% during mid-day trading on Tuesday . The stock traded as high as $5.47 and last traded at $5.32, with a volume of 215,072 shares changing hands. The stock had previously closed at $5.04.
FSAM has been the topic of several research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Fifth Street Asset Management in a research note on Wednesday, May 18th. Zacks Investment Research raised Fifth Street Asset Management from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Fifth Street Asset Management in a research note on Friday.
The company’s market cap is $30.20 million. The firm’s 50-day moving average is $4.26 and its 200-day moving average is $3.78.
Fifth Street Asset Management (NASDAQ:FSAM) last posted its quarterly earnings data on Monday, August 15th. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.08. On average, equities research analysts expect that Fifth Street Asset Management Inc. will post $0.62 EPS for the current fiscal year.
In other news, major shareholder Mangrove Partners Fund (Cayman sold 215,478 shares of Fifth Street Asset Management stock in a transaction on Friday, August 26th. The stock was sold at an average price of $5.07, for a total value of $1,092,473.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Fifth Street Asset Management Inc is an alternative asset manager. The Company provides asset management services to its investment funds (the Fifth Street Funds or the funds), which consist of Fifth Street Finance Corp. (FSC) and Fifth Street Senior Floating Rate Corp. (FSFR), both publicly-traded business development companies (together, the BDCs).
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